London Stock Exchange ETF segment · UCITS ETF
Invest in FLOS ETF from India
Indian and foreign residents can buy iShares $ Floating Rate Bond UCITS ETF (FLOS) units directly through Paasa.
By Paasa · Updated
FLOS at a glance
- Price
- £4.82+£0.00 (0.04%)
- Expense ratio
- 0.12%
- Day range
- £4.82 – £4.83
- Assets
- £74.6M
- Domicile
- Ireland
- Holdings
- 562
- Launched
- 2017
- Dividends
- Distributing
- 1 month
- +0.40%
- 6 months
- -0.02%
- YTD
- +1.62%
- 1 year
- +2.20%
- 5 years
- +1.01%
Price change, excluding dividends.
Top 10 holdings
- 1EUROPEAN BANK FOR RECONSTRUCTION A MTN 4.18% 02/20/2028 (EBRD)1.2%
- 2EUROPEAN BANK FOR RECONSTRUCTION A MTN 4.16% 02/16/2029 (EBRD)1.1%
- 3INTERNATIONAL BANK FOR RECONSTRUCT MTN 4.28% 08/19/2027 (IBRD)1.0%
- 4EUROPEAN BANK FOR RECONSTRUCTION A MTN 4.34% 07/22/2030 (EBRD)0.9%
- 5INTER-AMERICAN DEVELOPMENT BANK MTN 4.16% 02/15/2029 (IADB)0.8%
- 6INTERNATIONAL FINANCE CORP MTN 4.20% 08/28/2029 (IFC)0.8%
- 7KOMMUNALBANKEN AS MTN 144A 4.29% 03/03/2028 (KBN)0.8%
- 8INTERNATIONAL BANK FOR RECONSTRUCT 4.17% 11/22/2028 (IBRD)0.8%
- 9KOMMUNALBANKEN AS MTN 144A 4.32% 04/09/2029 (KBN)0.8%
- 10INTERNATIONAL FINANCE CORP MTN 4.18% 08/28/2028 (IFC)0.8%
FLOS holds 562 securities in total. These 10 are 9.0% of the fund.
Where the money is invested
Sectors
- Banking46.9%
- Supranational19.9%
- Consumer Cyclical8.4%
- Owned No Guarantee6.2%
- Insurance4.5%
- Capital Goods3.1%
Countries
- United States54.6%
- United Kingdom8.4%
- Australia7.2%
- Canada5.5%
- Japan5.5%
- South Korea3.7%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| FLOALSEiShares $ Floating Rate Bond UCITS ETF | 0.1% | 4.3B |
| FLOTLSEiShares $ Floating Rate Bond UCITS ETF | 0.1% | 547.9M |
| 0FLELSEiShares $ Floating Rate Bond UCITS ETF | 0.12% | 63.4M |
Assets are shown in each fund's own reporting currency.
How to invest in FLOS from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit, and Interactive Brokers converts the dollars to GBP when you buy.
Step 3
Search FLOS and buy
Find the fund by its ticker, FLOS, on the London Stock Exchange ETF segment, and place your order.
Why invest in FLOS from India
What FLOS holds
This fund's objective is to replicate the performance of a particular index. This index comprises corporate debt instruments that are investment-grade, mature in the short term, and are issued in US Dollars.
Outside US estate tax
FLOS is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Why FLOS' UCITS structure matters for Indian investors
FLOS is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Capital gains are taxed in India the same way as on a US-listed ETF.
Frequently asked questions
Can I buy FLOS from India?
Yes. Indian residents can buy iShares $ Floating Rate Bond UCITS ETF (FLOS) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in GBP. Your money leaves India under the RBI's Liberalised Remittance Scheme, and the units are held in your own name at Interactive Brokers.
What does FLOS invest in?
iShares $ Floating Rate Bond UCITS ETF holds 562 securities. Its largest holdings are EUROPEAN BANK FOR RECONSTRUCTION A MTN 4.18% 02/20/2028 (EBRD) (1.2%), EUROPEAN BANK FOR RECONSTRUCTION A MTN 4.16% 02/16/2029 (EBRD) (1.1%) and INTERNATIONAL BANK FOR RECONSTRUCT MTN 4.28% 08/19/2027 (IBRD) (1.0%). Banking is its largest sector at 46.9%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of FLOS?
iShares $ Floating Rate Bond UCITS ETF has an expense ratio of 0.12% a year, taken from the fund's assets rather than billed to you. The fund manages about £74.6M.
Is FLOS a UCITS ETF, and why does that matter for Indian investors?
Yes. iShares $ Floating Rate Bond UCITS ETF is a UCITS fund domiciled in Ireland. Because it is domiciled outside the US, it is not a US-situs asset, so US estate tax does not apply to it.
How are FLOS dividends taxed in India?
iShares $ Floating Rate Bond UCITS ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell FLOS?
Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling. The gain is worked out in rupees at the GBP/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.